cent by this March.Hui Yumei,▓ auto analyst, Sinotrust, a leading automobile industry r▓esearch company said the Dongfeng Peugeot Citroen layoffs is "necessa?/p>
坮y because of its ailing performance and really bad sales."The venture sold 18▓0,800 vehicles last year, down 12.7 percent compared with 2007, the second consecutive year sales f▓ell.The French automaker announced on Feb 11 that it would f▓urther axe 11,000
jobs globally, after the first round of 18,000 staff reductions.Related storie▓s:China is estimated to have sold 790,000 cars in January this year, while the US sold 668,000 cars during the
e grand jury said they subpoenaed and reviewed▓ half a million pages of internal diocesan documents▓ which contained credible allegations against the more than 300 predator priests.The whole investigation covers all eight dioceses in Pennsylvania. Previous grand jury reports already revealed abuse and
same month. This mark▓s the first time that China has overtaken the US in monthly auto sales, said Mike DiGiovanni, executive director of global market and industry analysis at General Motors Corporation during GM's monthly sales ▓meeting in the US. "This is the first time in history th▓at China has passed the United States in monthly sales," DiGiovanni said. Based on January's figure of 790,000 units, China is expected to sell 10.7 million vehicles this year, he added.
China will still be unable to surpass the US in total sales volume in the auto market this year. However, China's auto market is becoming a powerful new player, according to the analysis of experts in the industry.Govern▓mental measures help to pick up the marketAfter passing the Proposals on Structure ▓Adjustment of the Automobile Industry, China reduced the purchase tax on vehicles to stimulate consumption. It also launched measures to encourage independent innovation and put lo
cal marketing of environment- friendly cars in its agenda. Many ▓auto enterprises have quickly re